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Even with a very thorough referencing process it is impossible to predict if a tenant will cease to pay their rent because of sudden unexpected redundancy, illness, divorce or some other serious circumstances which may unfold, especially with the unstable job market we're currently experiencing and the uncertainty surrounding our departure from the EU. Lauristons can greatly reduce this risk by providing you with a comprehensive Rent Guarantee which also includes Legal Expenses cover.
The Rent Guarantee element of this insurance policy is very simple — if the tenant fails to pay their rent for any reason then the insurance policy will pay you the rent instead.
The Legal Expenses element of the policy provides additional cover in that, in the event of a tenant refusing to leave a property, it covers all of the legal costs associated with formally evicting them.
